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First Solar (FSLR) -1.8% after receiving a downgrade to Underperform from Raymond James' Pavel...

First Solar (FSLR) -1.8% after receiving a downgrade to Underperform from Raymond James' Pavel Molchanov. He admits "everything has gone right" for the solar giant in April, and that its balance sheet and visibility are relatively healthy, but nonetheless thinks "shares have gotten ahead of themselves" given risks to long-term profitability. First Solar remains up 65% on the month after skyrocketing in response to its bullish analyst day guidance. Shares trade at 7.5x-11.3x the company's 2015 EPS guidance of $4-$6.
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Comments (1)
  • Michael Bryant
    , contributor
    Comments (5787) | Send Message
     
    "Shares trade at 7.5x-11.3x the company's 2015 EPS guidance of $4-$6."

     

    That doesn't really look "ahead of themselves" to me.

     

    Forward PE is 13.
    25 Apr 2013, 05:00 PM Reply Like
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